Education Department Tells Borrowers To Expect Repayment, Not Forgiveness

Under Secretary of Education Nicholas Kent told an American Enterprise Institute audience on Thursday that federal student loan forgiveness “is not happening,” highlighting the administration’s tone as it moves defaulted accounts to the Treasury Department and winds down the SAVE plan.

This comes from a livestream Q&A session, which marks one of the most public conversations yet around the massive changes to student loans coming this year.